FLUX is a native coin of the Flux ecosystem, which provides blockchain solutions for development environments. To power this network a native coin is used. It can help if one needs to pay incentives to hardware hosters, to pay transaction fees, to vote for governance decisions, and for staking. FLUX is a fair-mined and PoW cryptocurrency. There are three main possibilities to obtain coins: use GPU mining, buy on the exchange service, and get as a reward on the platform.
The Flux network has a number of special features. For example, its operating system runs on Linux in order to provide better computing power and uses blockchain technology for governance. Flux has a number of partnerships that show a trustful attitude to this project. It hosts and decentralizes infrastructures of Kadena blockchain, Firo, and Presearch blockchains. Moreover, Coinbase Rosetta, Kusama, and Polkadot nodes are also running on Flux.
Flux appeared on January 31, 2018. Initially it was named “Zelcash” or “Zel”, and it was rebranded in March 2021. The co-founders of the project are Peter Mitchell, a builder of the first store of dapps, and Jasper De Gooijer, a scalability researcher with a background in web3.
The idea of Flux came from the necessity to provide solutions for decentralization. Originally a new project was built on Ethereum, Maker, Ox Protocol, and Augur. However, it became obvious that this foundation will prevent the project from massive adoption. That is why a team chose NEAR blockchain, which allowed developers to build fast, scalable, and inexpensive oracle. Now we can see a product that provides interesting and helpful solutions.
If you decide to become a part of the Flux community and purchase FLUX coins, SimpleSwap is ready to help you. Please, follow the instructions below: